Coca-Cola HBC (OTCMKTS:CCHGY) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $52.42 and traded as high as $54.60. Coca-Cola HBC shares last traded at $54.49, with a volume of 1,103 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on CCHGY shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola HBC in a research note on Friday. Berenberg Bank upgraded shares of Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 9th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Coca-Cola HBC Trading Up 0.8%

The firm has a 50-day moving average of $52.42 and a 200 day moving average of $44.87. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94.

Coca-Cola HBC Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 2nd will be issued a dividend of $1.1203 per share. This represents a yield of 2.07%. This is a positive change from Coca-Cola HBC's previous dividend of $0.60. The ex-dividend date of this dividend is Friday, May 30th.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.

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